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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but i'm still stubbed up
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf....
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at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what kind of congress you want, you want a responsive congress, rooted in american communities, not inside the beltway. >> you would want mondays and fridays off, too, and you're trying to make the argument. >> americans want their leaders to work, period. >> thanks to both of you. "outfront" next, breaking news. the billionaire software tycoon is on the run and martin savidge just literally caught him. he was running. he's going join us with that right after this. he's getting it ready for you at this instant and it's going to be a lot harder to spot the things that spot you because we've got drones that are now desi
at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think there have been conversations on both. at this moment, right, we're going over or toward the fiscal cliff. if you do nothing, all of our taxes are going up. why not, as a first move, say, listen, nobody at this point wants to raise taxes
cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is...
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. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or specifics about which loopholes will be eliminated, the president immediately rejected the republican proposal. want to know how far apart democrats and republicans are? listen to this. >> i think we're going over the cliff. >> it's unfortunate the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of negotiation is roll over and do what i ask. >> it's clear to me they made a political calculation. if their ideas are different from ours, we can'
. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or...
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a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the eleph
a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been...
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deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a nonstarter. when you went up there, you didn't think republicans were going to go "good idea." >> you know, what we're trying to do is get these guys to come together and reach an agreement that's going to be good for the country and good for the economy. >> by these guys you mean you all and the republicans. >> and democrats together. >> and the white house. >> that's what we're trying to do. what we did was put forward a very comprehensive, very carefully designed mix of savings and tax reforms to help us put us back on the path to stabilizing our debt and fixing our debt and living within our means. we've been very
deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a...
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fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the jobs crisis. so 12 million people out of work, 40% of them, more than six months, that's insane. but we have not had a real program to get those long-term unemployed back to work. and, you know, frankly, i don't see anything happening in the future. as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn'
fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the...
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how republicans want to solve washington's fiscal cliff dilemma. what the democrats are saying about it today. >>> plus bold claims for iran. revolutionary guards showing off what they are claiming to be a captured american drone. why u.s. officials are saying don't believe it. >>> baby on board at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. >> lots to talk about this morning. republican senator ron johnson, steve smith, to talk about that carbon monoxide leak that sent dozens of kids off to the hospital. and pat houston, whitney houston's sister-in-law and manager will join us to talk about a new book tuesday, december 4th. "starting point" begins right now. >>> good morning. welcome, everybody. ron brownstein joins us this morning, cnn senior political analyst. editor for national journal. bob shrum, and will cain. zoraida is sticking around with us as well from "early start." our "starting point" really is about the frustration and more finger pointing n
how republicans want to solve washington's fiscal cliff dilemma. what the democrats are saying about it today. >>> plus bold claims for iran. revolutionary guards showing off what they are claiming to be a captured american drone. why u.s. officials are saying don't believe it. >>> baby on board at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. >> lots to talk about this morning....
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the dow above 13,000, don, when we're worried about the fiscal cliff, worried about europe and worry about the slow healing in the american economy. investors, at least for today, are pleased that this data are showing, continuing to show that the american economy the recovery is moving, is moving ahead. 146,000 jobs created in the month. that was twice what a survey of economists for cnn money had expected. twice what they expected. why the discrepancy? most economists were expecting hurricane sandy to maybe hold back these numbers. and it just didn't. there are also a lot of revisions. you know, one thing that's interesting about this is we still need to see superstorm sandy impact, maybe it will show up next month. who knows. presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we th
the dow above 13,000, don, when we're worried about the fiscal cliff, worried about europe and worry about the slow healing in the american economy. investors, at least for today, are pleased that this data are showing, continuing to show that the american economy the recovery is moving, is moving ahead. 146,000 jobs created in the month. that was twice what a survey of economists for cnn money had expected. twice what they expected. why the discrepancy? most economists were expecting hurricane...
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in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like adults. tonight signs that maybe some adult behavior might be prevail and a compromise might be reached. jessica yellen joins us, dana bash and david gergen. what's the latest? >> reporter: they are a long way from a deal, but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if
in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like adults. tonight signs that maybe some adult behavior might be prevail and a compromise might be reached. jessica yellen joins us, dana bash and david gergen. what's the latest? >> reporter: they are a long way from a deal, but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important...
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. >>> americans could be singing the blues if congress doesn't act to avert the fiscal cliff. the longer congress waits the more complicated for businesses to figure out how much to pay workers early next year. the confusion could cost employers money, especially small businesses which use payroll software which takes time away from running their business. starbucks ceo howard schultz agrees. >> this single issue has a seismic affect on the rest of the world that we have never been as connected in the domino effect of a bad outcome here will have significant negative consequences domestically and around the world. >> negative consequences, seismic or not, none is stopping starbucks plans for 1,500 more cafes across america next year. and just as many around the world. but we get his point. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for st
. >>> americans could be singing the blues if congress doesn't act to avert the fiscal cliff. the longer congress waits the more complicated for businesses to figure out how much to pay workers early next year. the confusion could cost employers money, especially small businesses which use payroll software which takes time away from running their business. starbucks ceo howard schultz agrees. >> this single issue has a seismic affect on the rest of the world that we have never...
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and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is going to be a discussion between the top leaders of the house and the white house. and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down wit
and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is...
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what are the chances that lawmakers in washington will act in time to avert the fiscal cliff? if you go by what both sides are saying right now, not great. >> what we're not going to do is extend the tax cuts for the wealthiest americans. those cost a trillion dollars over ten years and there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> now, the republican counterproposal that we just heard about still includes those bush era tax cuts staying in place for everybody, which president obama has called a nonstarter. so what if we raised taxes a little bit? still be much lower than what americans paid just a generation ago. in 1980, the wealthiest americans paid a marginal tax rate of 70% of their income to uncle sam. now, tax reform under president reagan redu
what are the chances that lawmakers in washington will act in time to avert the fiscal cliff? if you go by what both sides are saying right now, not great. >> what we're not going to do is extend the tax cuts for the wealthiest americans. those cost a trillion dollars over ten years and there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the...
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and the alternative is that at the end of the year if we go off the fiscal cliff, they really believe that republicans will get the blame. so that's why maybe they are sort of running out the clock a little bit making it harder for republicans to negotiate more at the end of the day. >> so just to make it clear, because the republican plan does not include a tax increase, a tax increase on the wealthy, the president isn't going to deal? he's not going to get on the phone with john boehner, he's not going to do anything? >> reporter: well, it's hard to imagine at some point that they are not going to get on the phone, that they are not going to have real negotiations. but right now, they are not. and so that's why the house republican leadership says they are just sending their members home. and they also say, the speaker didn't mention it here but one thing they want their members to do back in their districts is to try to galvanize the public's support for their position that the president is trying to do for his position as he campaigns on that. but you're exactly right and it's imp
and the alternative is that at the end of the year if we go off the fiscal cliff, they really believe that republicans will get the blame. so that's why maybe they are sort of running out the clock a little bit making it harder for republicans to negotiate more at the end of the day. >> so just to make it clear, because the republican plan does not include a tax increase, a tax increase on the wealthy, the president isn't going to deal? he's not going to get on the phone with john...
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can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should reflect the cost of living in high cost areas like long island. i'm not going to tell my constituents that make less than $250,000, that it should be more. we can all agree on $250,000 and debate what we cannot agree on. >> something about the negotiations themselves seems unusual to me. it seems that house republicans are dealing directly with president obama and sort of skipping over their democratic counterparts like what are you guys doing? >> look, everybody needs to get into a room. there's no question about it. and i don't care whether you are negotiating a baseball contract or negotiating a solution to this fiscal cliff. we have got to get an agreement that is balanced, that is fair to both sides and i think at the end of the day, both sides w
can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should reflect the cost of living in high cost areas like long island. i'm not going to tell my constituents that make less than $250,000, that it should be more. we can all agree on $250,000 and debate what we cannot agree on....
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solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can this back and forth go? when do we have to have a deal -- >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table. revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long ti
solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can...
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the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point" at 7:00. the middle east is getting ugly. insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >>
the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point"...
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. >> americans are concerned. but divided over the best solution to avoid the fiscal cliff. take a look at an abc news washington post poll that shows 60% of americans support upper income americans having their taxes raised. 37% oppose it. on issue of reducing deductions, 44% support that. 49% oppose it. much like lawmakers they realize there is a big problem that needs to be fixed but divided on how to fix it. >> in addition to the goings on in the capitol there is a big lunch at the white house today. governor romney coming by for a bite to eat. a lot of speculation about what might be discussed at the meal and the possibility of maybe future job? >> jay carney pushed back on that yesterday. the president said there was no suggestion here that he had a special assignment for him. the president invited mitt romney to come to the white house because he wanted to talk about moving the country forward. the president pointed out that out there on the campaign trail mitt romney had good ideas. he wanted to talk to him about that. not necessarily partisan ideas but ideas like jo
. >> americans are concerned. but divided over the best solution to avoid the fiscal cliff. take a look at an abc news washington post poll that shows 60% of americans support upper income americans having their taxes raised. 37% oppose it. on issue of reducing deductions, 44% support that. 49% oppose it. much like lawmakers they realize there is a big problem that needs to be fixed but divided on how to fix it. >> in addition to the goings on in the capitol there is a big lunch at...
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we get a little closer to peeking over that fiscal cliff and two very lucky americans. they got a whole lot richer. a look back now at the week that was. >> the fiscal cliff, now just 34 days away. >> we only have a couple weeks to get something done. >> listen, this is not a game. >> you'll sign this bill as soon as congress sends it my way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing "gangnam style" for us this morning. >> money, politics and the mix dominated this week that was. the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point
we get a little closer to peeking over that fiscal cliff and two very lucky americans. they got a whole lot richer. a look back now at the week that was. >> the fiscal cliff, now just 34 days away. >> we only have a couple weeks to get something done. >> listen, this is not a game. >> you'll sign this bill as soon as congress sends it my way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no...
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. >> so if the country falls off the fiscal cliff, 90% of all americans are going to feel the pinch. the average american house hoed will see taxes go up by more than $3,400. our next guest went to capitol hill and the white house today to do something about this. kristin, she is one of the co-founders of moms rising, an on-line group that add slow indicates for families. kristen, tell me about your group. you went to the hill today. you have a petition, and you got some teddy bears as well. what's the serious message behind this? >> well, moms rising has more than a million members across the country. moms who care about family economic security and care about our nation, and they sent in stories by the hundreds and hundreds and hundreds about how going off the fiscal cliff would impact them. today we went to congress, and we delivered those stories, in fact, to every member of congress saying don't put us in an un-bear-able situation. don't throw moms and families off a fiscal cliff. we need to act quickly to fix this situation for women and families and to end the bush era tax cut
. >> so if the country falls off the fiscal cliff, 90% of all americans are going to feel the pinch. the average american house hoed will see taxes go up by more than $3,400. our next guest went to capitol hill and the white house today to do something about this. kristin, she is one of the co-founders of moms rising, an on-line group that add slow indicates for families. kristen, tell me about your group. you went to the hill today. you have a petition, and you got some teddy bears as...
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what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good id
what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these...
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. >> and finding a way to steer clear of the fiscal cliff. the chief fiscal cliff negotiator tim geithner working with leaders to get things moving. there are just 33 days left to get a deal done. congress breaks for the holidays in just 15 days. dan lothian joins us. so the clock is ticking away. >> after the meeting the president had after he went to southeast asia the lawmakers were optimistic. now you are hearing some pessimistic as the clock winds down. you see the president pushing the bush era tax cut extension for middle class america. the white house doesn't believe this is the comprehensive solution, but part of a solution. they are reaching out to small business owners, sitting down with top ceos yesterday. he will head to pennsylvania tomorrow. you saw him at the white house with middle class america who e-mailed the white house about how they would be impacted if the middle class tax cuts were not extended for them. the president sounding optimistic that the deal can get done. >> our ultimate goal is an agreement that gets our lo
. >> and finding a way to steer clear of the fiscal cliff. the chief fiscal cliff negotiator tim geithner working with leaders to get things moving. there are just 33 days left to get a deal done. congress breaks for the holidays in just 15 days. dan lothian joins us. so the clock is ticking away. >> after the meeting the president had after he went to southeast asia the lawmakers were optimistic. now you are hearing some pessimistic as the clock winds down. you see the president...
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. >> ready to protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 of all americans' income and letting the rates go up to the same level they were during the clinton administration. republicans know where we stand. we've said it. we've said it. we've said it so many times, the president's said the same thing. >> and senator reid is correct, the president has been talking about this idea of raising taxes for the wealthiest among us all during the campaign and even longer. now republicans say that you know there's been way too much focus on this whole tax issue or on the tax side of things. there needs to be a lot more emphasis on spending cuts. let's listen to what house speaker john boehner had to say about that. >> right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. >> now, republicans believe that the cuts on the table, $400 million
. >> ready to protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 of all americans' income and letting the rates go up to the same level they were during the clinton administration. republicans know where we stand. we've said it. we've said it. we've said it so many times, the president's said the same thing. >> and senator reid is correct, the president has been talking about this idea of raising taxes for the...
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what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought they would not. the president as you know, his team rejected it late this afternoon, but nonetheless, if people truly want to find a bridge to avoid the fiscal cliff, a way to get to the big issues as david walker says would have to come next year, i think they're the makings of it here. each side will have to compromise some more. each side will have to eat a little crow but i think it's imperative that the president take the view that what he's looking for is a win-win. if they take a win-win approach, i think they can get a deal. >> comment on that point. if two wrongs
what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought...
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and also the fact that the consequences of the fiscal cliff, these spending cuts and these tax -- pardon me the spending cuts and the tax increases that kick in here at the end of the year, the consequences are very dire and following the election the white house and democrats think that they can really push republicans into a corner here. >> brianna keilar for us. thank you. just ahead we're going to be talking with connecticut senator richard blumenthal will join us to talk a little bit about the democrats' responsibility about this impending fiscal cliff. another story we're following, friends and family of kansas city chiefs jovan belcher looking for answers this morning after he killed his girlfriend and then took his own life. his team took to the field just a day after the tragedy. it was i guess kind of a somber victory. they beat the carolina panthers 27-21. just their second game of the season. saturday morning belcher shot his 22-year-old girlfriend kasandra perkins and then turned the gun on himself outside the practice facility. he and perkins leave behind a 3-month-old daug
and also the fact that the consequences of the fiscal cliff, these spending cuts and these tax -- pardon me the spending cuts and the tax increases that kick in here at the end of the year, the consequences are very dire and following the election the white house and democrats think that they can really push republicans into a corner here. >> brianna keilar for us. thank you. just ahead we're going to be talking with connecticut senator richard blumenthal will join us to talk a little bit...
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and then on everybody else. >> reporter: but the president says the so-called fiscal cliff is a solvable problem. critical as the holidays approach and businesses make investment and hiring decisions for next year. while polls show many americans are pessimistic, there's optimism in this home. >> i got a sense that he's confident that what's best for the american people will happen. >> yeah. >> reporter: you agree? >> yes. >> i do too. >> reporter: but for now, the gop's resisting any tax increases even on those upper income americans. house republicans of course have made the counteroffer with $800 billion in new revenue and an overhaul of the tax code. wolf, they feel as if they have moved the ball, but they don't believe that the president is interested in avoiding the fiscal cliff. >> these negotiations, dan, they usually go until the bitter, bitter end. a lot of folks are assuming that before that end there will be a deal. give us a flavor of the mood at the white house. >> reporter: well, i think they're preparing for this fiscal cliff scenario to play out, wolf. but as you point o
and then on everybody else. >> reporter: but the president says the so-called fiscal cliff is a solvable problem. critical as the holidays approach and businesses make investment and hiring decisions for next year. while polls show many americans are pessimistic, there's optimism in this home. >> i got a sense that he's confident that what's best for the american people will happen. >> yeah. >> reporter: you agree? >> yes. >> i do too. >> reporter: but...
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the effects of the fiscal cliff are already holding back some things. >> of course. what stood out to me from howard schultz, the people that need it the most, the average american will feel this to the core. confidence is the corner stone. >> it makes you make decisions, big decisions, small decisions. i'm not going to buy that or do that, i'm scared to death. here's my question for the two of you. are more big ceos falling in line with the yes, let's raise the taxes on the 2%? >> if i don't know if a majority. would you say a majority? >> i think they want a deal and people have to make -- it's hard to make compromises. >> we've heard it from goldman sac sachs, warren buffett, schultz. >> big names there. >> they want clarity. the interesting thing to me, the stock market and bond market haven't freaked out yet about this. people in the stock market saying they're not stupid enough to let us go there. >> to let this happen. >> i hope they'll get something done. >> gosh, i hope so. >> thank you. >>> 25 minutes past the hour. an awards season shocker at the company t
the effects of the fiscal cliff are already holding back some things. >> of course. what stood out to me from howard schultz, the people that need it the most, the average american will feel this to the core. confidence is the corner stone. >> it makes you make decisions, big decisions, small decisions. i'm not going to buy that or do that, i'm scared to death. here's my question for the two of you. are more big ceos falling in line with the yes, let's raise the taxes on the 2%?...
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here and also because spending cuts and tax increases, that fiscal cliff set to kick in at the end of the year, that's going to happen if a deal isn't reached and they feel that that's boxing house republicans in. >> brianna, i'm going to preface this by saying that math is not my forte. however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still time. i think that's the important thing to know. it seems like one of the drops, first off, congressdoesn't like to hang around for christmas. we've learned that from past years. the payroll 2 cut last year out of here before christmas. they don't really like to do that. so i think really it seems the drop is the end of the year. but december 17th, the week before christmas is really seen as a very important week. there's still time to figure this out. anyone on both sides of this equation will tell you they know what the math is, zoraida. even if it's tough for us to understand, they understand what's at
here and also because spending cuts and tax increases, that fiscal cliff set to kick in at the end of the year, that's going to happen if a deal isn't reached and they feel that that's boxing house republicans in. >> brianna, i'm going to preface this by saying that math is not my forte. however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still...
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we have got this fiscal cliff date, but it is really more of a slope. so i am confident that the president is hanging in there because it makes sense for him to do and i think he's really convinced the american people support him and it is good for the economy. >> okay. congressman peter welch, thank you so much for joining me from the hill. we'll see 28 days to go whether in fact we go over the slope or not. >>> up close look at how servicemen and women train for this. the horrors of war. the role amputees are playing to prepare others for life in combat. don't miss this report. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. bp has paid overthe people of bp twenty-threeitment to the gulf., billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp
we have got this fiscal cliff date, but it is really more of a slope. so i am confident that the president is hanging in there because it makes sense for him to do and i think he's really convinced the american people support him and it is good for the economy. >> okay. congressman peter welch, thank you so much for joining me from the hill. we'll see 28 days to go whether in fact we go over the slope or not. >>> up close look at how servicemen and women train for this. the...
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cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to do that. >> absolutely. and that proposal to take away what has been historically a congressional prerogative was a little bit surprising even to people who have been reading about this stuff for years. is it true though, dana, as it has been in past years that both sides at least have to show their bases that they're fighting the good fight and that's part of what's going on here? >> reporter: absolutely. there's no question about it. what i mention in the piece really is a real phenomenon here when it comes to the feeling among congressional democrats that they ar
cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to...
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a fiscal cliff we're likely headed for more economic growth. right? one of the best economic forecasters around says not only is the u.s. economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven recessions in three of them, jobs continued to grow in to the recession. >> his group bases this on four economic indicators. let me show you. industrial production, that's all the stuff, top left, all the stuff made in the u.s. personal income, you know what that is, sales and employment. look at those lines. based on official government data this year they show a drop off in three of the four indicators starting in july. only employment is steady. that's july. that means we're in a recession right now. may sound obvious to some of you or ridiculous to others but
a fiscal cliff we're likely headed for more economic growth. right? one of the best economic forecasters around says not only is the u.s. economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven...
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wants anyone to go off the fiscal cliff. and the reality is we have to look over the last two years. the republican party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are ga
wants anyone to go off the fiscal cliff. and the reality is we have to look over the last two years. the republican party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie...
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while washington bickers over the fiscal cliff and who's going to pay more in taxes, in great britain, lawmakers are telling some american companies it is time to start paying their fair share there in the uk. even throwing around terms such as shame, outrageous when talking about it. executives from google, amazon, and starbucks all appeared before a parliamentary committee looking into how international companies minimize the tax they pay in the uk. richard quest is in london to explain it all. now, richard, not necessarily talking about tax evasion here. it's more like avoidance, minimization, what's the concern? >> reporter: that's exactly the point. the companies are not breaking the law, not doing anything wrong. the accounts committee described their actions as immoral claiming they have r. so arranging their tax affairs so as to pay no tax in the country where the money is earned. this applies to google, which uses ireland, applies to amazon, on the continent, and it applies to starbucks in amsterdam. what we learned is how these companies arrange their affairs. so even though
while washington bickers over the fiscal cliff and who's going to pay more in taxes, in great britain, lawmakers are telling some american companies it is time to start paying their fair share there in the uk. even throwing around terms such as shame, outrageous when talking about it. executives from google, amazon, and starbucks all appeared before a parliamentary committee looking into how international companies minimize the tax they pay in the uk. richard quest is in london to explain it...
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>> let's hope we don't go over the fiscal cliff. jessi jessica, thank you. >>> as things stand right now, republicans want to keep all the bush tax cuts, but raise $800 billion by limiting some tax deductions, loopholes, et cetera. they also want to save will the $600 billion by cutting health care spending. the president says the republicans' proposal doesn't work because of the math. he wants to raise $1.6 trillion in taxes, twice as much as the republicans. and he wants to do it mostly by increasing tax rates on the top earners and proposes to cut health care spending by $350 billion. i'm joined by gloria borger. where do we stand on the expiration of the bush era tax cut? >> we are where we are, and what was interesting to me in listening and reading the transcript of that bloomberg interview today with the president, sometimes you have to listen to what the president did not say. of course, he wants the tax rates on the wealthy to go up. did he specify the 39.6% rate of the clinton years? he did not. so is there a little give u
>> let's hope we don't go over the fiscal cliff. jessi jessica, thank you. >>> as things stand right now, republicans want to keep all the bush tax cuts, but raise $800 billion by limiting some tax deductions, loopholes, et cetera. they also want to save will the $600 billion by cutting health care spending. the president says the republicans' proposal doesn't work because of the math. he wants to raise $1.6 trillion in taxes, twice as much as the republicans. and he wants to do...